Smart Swing Trading: How a High-Win Oil Trader Cashed $2.4 Million with ETH Rebounds

ETH

ETH/USDT

$1,830.37

+9.97%

$1,830.37

+9.97%

(24s)

24h Volume

$17,209,307,552.67

24h H/L

$1,849.54 / $1,658.95

Change: $190.59 (11.49%)

Long/Short

64.6%

Long: 64.6%Short: 35.4%

Funding Rate

+0.0031%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,819.04

▲ 5.41%

Volume (24h): -

Resistance Levels

Resistance 3$2,097.94

Resistance 2$1,966.35

Resistance 1$1,873.97

Price$1,819.04

Support 1$1,795.12

Support 2$1,708.89

Support 3$1,615.03

Pivot (PP):$1,792.75

Trend:Downtrend

RSI (14):47.2

In a recent market transaction, noted on-chain analyst Yu Jin revealed significant activity from a high-win-rate swing trader. After capitalizing on an Ethereum (ETH) rebound, the trader executed a sale at a price of $3,417, realizing a profit of approximately $2.4 million. This strategic move highlights the trader’s acumen in navigating the volatile cryptocurrency landscape. Just two hours prior, the same address re-entered the market, acquiring 12,178.4 ETH for a total of $40.66 million USDT at an average purchase price of $3,339. Such substantial trading activity underscores the growing interest and confidence in the ETH market, as seasoned investors continue to leverage price fluctuations to enhance their portfolios.